Consumer pessimism at current levels last showed up during recessions like 2008 and the early 1980s. The gap between sentiment and economic data also looks like a typical pre-recession signal.

American consumers have NEVER been this pessimistic about the economy: The University of Michigan Consumer Sentiment Index fell to 49.8 in April, the lowest reading EVER in over 70 years of polling, with declines occurring across all income levels, ages, …

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Economic recessions and credit market stress

by MonetaryCommentary When credit spreads surge and GDP contracts, the common interpretation is causality, though what’s more revealing is how the credit market prices risk before the economy acknowledges it. In pre-GFC regimes, the widening of corporate bond spreads was …

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Recessions are forbidden until after elections.

This is insane: never before have US job numbers been manipulated to this extent https://t.co/EOqooXZQFE pic.twitter.com/7Upe2kohYW — zerohedge (@zerohedge) November 3, 2023 And there it is: celebrate the miracle of Bidenomics by working 2,3 or more jobs. The number of …

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Bidenomics At Work! Mortgage Rates Hit Almost 8% (Highest Since July 2000 Under Bill Clinton), Deficits This High Usually Occur During Recessions And HIGH Unemployment

by confoundedinterest17 Joe Biden, who has always been a compulsive liar but at least sounded cognicent, is now babbling and whispering that Bidenomics works. But for who? Clearly not for first time homebuyers or people looking to move. Bankrate’s 30-year …

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Danger Jay Powell! US Median Home Prices Crashed -7.4% In Q2, Worst Decline Since Recessions Of 1970 And 2008 (Higher Mortgage Rates + Tighter Mortgage Credit Box = Heartaches On Heartaches!)

by confoundedinterest17 Danger Will Robinson! Danger! Median sales price of homes in the US sank by -7.4% in Q2 2023. This is particulary dangerous since it was the worst correction in home prices since two rather nasty recessions of 1970 and …

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Economic Strength and Recessions

by sterk1984 I see so many articles, comments etc. proclaiming that it’s obvious that we aren’t going into a recession because the economy is doing so well and the unemployment rate is so low. Don’t recessions usually happen at the …

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The S&P futures market is net-short approaching the levels of late 2007. Rising rates are linked to recessions, both soft and hard.

https://kingworldnews.com/the-world-is-about-to-see-serious-deflation-followed-by-massive-inflationary-money-printing/ Powell can re-define recessions with words, but despite his double speak, he too knows that a recession is already underway. As for recessions, the data is equally abundant that those rising rates tend to correlate directly with recessions, both …

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